MTF's and Exchanges are much in evidence this week as Atrium Network and BATS announced Multicast PITCH data feed, Fixnetix offered direct market data feed and trading access to Burgundy, and Turquoise and EuroCCP introduced trading and clearing services for Hungary and Czechoslovakia.
In Japan QUICK and FXall launched QUICKFX, a new FX Trading Platform, ACTIV Financial exposed technology behind TSE Arrowhead, whilst in Europe Euroclear is to reduce its trade netting tariff from1st March, a move welcomed by the LSE which estimated a £10m saving as a result.
ICAP selected Tervela's TMX for ICAP Electronic Broking, Hibernia Atlantic's GFN platform became part of Switch and Data's GeoReach Program and CFN Services announced the completion of metro Toronto, NY/NJ and London execution venue connectivity.
Interactive Data expanded its ultra-low latency trading network Interactive Data 7ticks to the East Coast, The Goldman Sachs Group made a minority investment in Tora Holdings, and Fidelity brought us news of an iPhone App for brokers. Integral announced FX Inside Alpha, its on demand solution, whilst Progress and SRL teamed up to produce 'Broker in a box' and 'Hedge fund in a box', click here for more details on these.
Surprise news this week as Hirander Misra resigned from Chi-X, however recruitment was also very much to the fore as Knight Capital Group hired a new sales and trading team, Citi India expanded its sales and equities team with over 25 new appointments, and in Australia Instinet announced additions to its new Sydney office.
